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NSE:OSWALPUMPS

OSWAL PUMPS LIMITED

Capital Goods › Industrial Products·NIFTY MICROCAP 250NIFTY SMALLCAP 500NIFTY TOTAL MARKET
₹211.00
at close · 27 Oct 2026
▲ 3.70 (+1.78%)

Latest filings

  1. Postal Ballot notice for Composite Scheme and Form PAS-1 · Compliance
  2. Postal ballot to reallocate IPO funds to 1.2 GW solar cell plant · Fund Raising
  3. Oswal Pumps to set up 1.2 GW TOPCon solar cell plant, Rs 456 cr project · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Makes solar water pumping systems, with the bulk of its orders flowing through central and state government schemes such as PM-KUSUM. As of May 2026, the executable order book stood at 19,912 pumps with a further 25,000 pumps in the near-term pipeline, and the company has cumulatively executed 1,06,122 solar pumping systems across 15 states. It is now broadening beyond solar pumps into distributed rooftop solar — winning 63 MW of grid-connected rooftop projects from Bihar DISCOMs (NBPDCL, SBPDCL) covering 57,492 consumer installations, with installation value of about ₹247 crore and an additional ~₹257 crore of energy-supply revenue expected over a 10-year RESCO contract — and is building utility and C&I solar pipelines totalling 300 MW. A ₹350 crore FY27 capex programme lifts solar module manufacturing capacity to 2.1 GW and pump capacity by 2.25x by Q3 FY27, alongside backward integration into inverters and aluminium extrusion. Customers are state power distribution companies and state nodal agencies running government programmes; end users are farmers (for solar pumps) and residential consumers (for rooftop solar). Materials are the dominant cost at 56.8% of FY26 revenue, with FY26 revenue of ₹2,064 crore, PAT of ₹376 crore, and an EBITDA margin of 25.9%.

Operating scale
Executable solar pump order book
19,912 pumpsAs of May 15, 2026
Near-term pipeline
25,000+ pumps
Cumulative solar pumping systems executed
1,06,122 systems across 15 states
MSEDCL solar pump order (July 2026)
10,000 off-grid solar pumps, ₹235.92 crore
Bihar rooftop solar award (June 2026)
63 MW covering 57,492 installations, ₹247 crore install + ₹257 crore energy supply
FY27 capex programme
₹350 crore; solar module capacity 2.1 GW and pump capacity 2.25x by Q3 FY27
Who pays it
State power distribution companies and nodal agencies running PM-KUSUM and PM Surya Ghar schemes; end users are farmers (pumps) and residential consumers (rooftop solar).
Biggest cost
Materials at 56.8% of FY26 revenue.
Kind of business
Capital goods manufacturer dependent on government solar irrigation and rooftop solar scheme cycles, with backward integration into solar components.
Where it sits
Solar pump supplier with 1,06,122 cumulative installations across 15 states under PM-KUSUM, now expanding into distributed rooftop, utility and C&I solar.
Market Cap
₹2,405 Cr
P / E (TTM)
7.0×
EV / EBITDA
5.4×
Div Yield
—
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
29.8%▲
ROCE (FY26)
ROE 22.4% · margin 25.9%
Leverage
0.14·
Debt / Equity · low
Net debt ₹139 Cr
Moves on a normal day
1.72%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 14 Compressors Pumps & Diesel Engines peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#1/15
P/B#1/15
ROCE#4/15
ROE#4/15
Debt / Equity#9/15
EBITDA margin#6/15
Revenue growth#15/15
Profit growth#13/15

Scorecard

Measured from the filed financials, judged against its Compressors Pumps & Diesel Engines peers · as of FY26 — not investment advice

Strengths
Returns on capital 29.8%
#4 of 15 in Compressors Pumps & Diesel Engines on the latest reported figures
Concerns
Heavy working capital — 211 days of cash tied up

Charts

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OSWALPUMPS · price

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Peers

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Financials

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Ownership

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Common questions

Answered from OSWAL PUMPS LIMITED's filed financials and exchange disclosures

What does OSWAL PUMPS LIMITED do?

OSWAL PUMPS LIMITED is a Industrial Products company listed on NSE and BSE, trading under the symbol OSWALPUMPS.

Is OSWAL PUMPS LIMITED profitable?

Yes. Over the trailing twelve months OSWAL PUMPS LIMITED reported a net profit of ₹336 Cr on revenue of ₹2,024 Cr.

Does OSWAL PUMPS LIMITED pay a dividend?

Not in the latest reported year — OSWAL PUMPS LIMITED's dividend payout for FY26 was nil.

Is OSWAL PUMPS LIMITED debt-free?

No. It reported borrowings of ₹237 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹139 Cr after cash. Debt stands at 0.14× equity. That is higher than 57% of its 15 Compressors Pumps & Diesel Engines peers.

Is OSWAL PUMPS LIMITED expensive compared with its peers?

On trailing P/E, OSWAL PUMPS LIMITED ranks 1 of 15 in Compressors Pumps & Diesel Engines — cheaper than 100% of them, against an industry median of 42.1×. This is a position, not a valuation judgement.

How much does the OSWAL PUMPS LIMITED share price move in a day?

On a typical session OSWAL PUMPS LIMITED moves 1.72% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track OSWAL PUMPS LIMITED's announcements?

Every NSE and BSE filing by OSWAL PUMPS LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.